GFM on stronger footing after KPMD acquisition
GFM Services Bhd group managing director Ruslan Nordin
With the recent acquisition of KP Mukah Development Sdn Bhd (KPMD), GFM Services Bhd is now on a stronger financial footing as the purchase of the university concessionaire is set to catalyse and ramp up the group’s future earnings.
Billed as the group’s game changer, the acquisition will provide GFM with a positive recurring income to at least until 2035 and boost its outstanding orderbook to RM1.4bil.
Group managing director Ruslan Nordin (pic) tells StarBizWeek the acquisition of the university concession will strengthen the group’s bottomline with recurring income for GFM over the next 17 years.
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